Aseptic Packaging Market Scope, Product Estimates & Strategy Framework, Forecasts, 2019-2026

Rise in government expenditure on healthcare, improved recycling rates for packaging, low cost of plastics coupled with surge in adoption of automation in the production of aseptic packaging have boosted the growth of the global aseptic packaging market. However, rise in e-commerce sales across the globe and untapped potential in the developing market are expected to create lucrative opportunities in the near future.

According to a new report published by Allied Market Research, titled, "Aseptic Packaging Market by Type, Material, and End-Use Industry: Global Opportunity Analysis and Industry Forecast, 2019-2026,"

The global aseptic packaging market size was valued at $35.7 billion in 2018, and is projected to reach $74.5 billion by 2026, growing at a CAGR of 9.5% from 2019 to 2026. The beverage segment is anticipated to hold over three-fifths of the global aseptic packaging market share in 2018 and is anticipated to witness substantial growth during the study period.

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The global aseptic packaging market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across LAMEA is expected to register the fastest CAGR of 10.6% during the forecast period. However, the market across the Asia-Pacific region contributed the highest share in 2018, accounting for nearly two-fifths of the market.

On the basis of material, the market is bifurcated into glass, metal, plastic, and paper & paperboard. The paper & paperboard segment. The paper & paperboard segment is projected to manifest the fastest CAGR of 9.8% during the forecast period. Moreover, the segment dominated the market in 2018, accounting for more than half of the market.

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The global aseptic packaging market report includes an in-depth analysis of the major market players such as DS Smith Plc, Amcor plc, Reynolds Group Holdings Limited, Mondi plc, Sonoco Products Company, SIG Combibloc Group AG, Stora Enso Oyj, Smurfit Kappa Group plc, UFlex Limited, Tetra Laval International S.A.

Key Findings of the Study:
o Based on packaging material, the paper & paperboard segment dominated the global aseptic packaging market, in terms of revenue in 2018, and is projected to grow at a CAGR 9.8% during the forecast period.
o By type, the cartons segment is projected to grow at a CAGR of 9.1% during the forecast period.
o Based on the end-use industry, the food segment is projected to grow at a CAGR of 10.5% during the forecast period of 2019 to 2026.
o LAMEA is expected to register the highest growth rate in the coming years.
o U.S. accounted for over 60% of the share of the North America aseptic packaging market in 2018.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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